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Reality check
01 May 2007
In the UK,if you turn on the radio,look at the television or read the newspaper it is virtually guaranteed that you will be exposed to an array of facts, discussions or opinions about the environment. And we are not alone; our colleagues around the world are no doubt being subjected to the same treatment.
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Australian delays turn spotlight on marine risk
01 May 2007
In the news of late has been the congestion at Australian loadports like Newcastle where higher demand and seasonal disruption have produced queues of ships waiting to load. Delay as a risk to be insured is little known in the annals of marine and transport insurance, with certain exceptions.
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Re-writing the concessioning small print
01 May 2007
It has become increasingly clear in the last two or three years that there is a growing requirement to consider in greater detail the aspect of exit arrangements from a terminal concession or a similar contract that gives management and operating rights to a specific party for a given port facility. Indeed, PS highlighted this requirement some time back but today it has been thrown firmly under the spotlight by the actions of the Port Authority of New York and New Jersey (PANY&NJ). The Authority took the controversial step of stating that it required a “transfer fee” of $84m following the sale of DP World’s Port Newark Container Terminal concession to the AIG Investment Group.
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The environmental issue: hot topic or here to stay?
01 May 2007
It used to be that we were inundated with newsworthy reports on security issues and the various programmes and schemes with interesting acronyms such as TWIC and CTPAT. The lesson there was that they all have a cost associated with them. Today, the port industry is embroiled in environmental issues, not so much pollution of the sea but emissions in the air. The worry is over sulphur particles emitted by ships in port as well as on the high seas. Air quality hit the headlines with Marpol 73/78 Annexe VI in 2005 and has become a major topic of debate and legislation since then. The state of California recently passed legislation that pushed its environmental standards into international waters (24 miles).
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Show your hand
01 May 2007
The Port of Dakar, Senegal is reportedly in the process of privatising its container terminal facilities – or is it?
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